LG Optimus U1 might be the company's first Ice Cream Sandwich phone

Now, here's what looks like possibly the first Android 4.0 Ice Cream Sandwich phone by LG – the LG Optimus U1. The rectangular slab of a phone leaked out in what looks like official press photos, which gives the rumor some more weight.

Sadly, further details are scant. What we do see, though, is the presence of a physical button and two capacitive buttons on the bottom of this device. It's also possible that the Optimus U1 is headed for South Korea only given that Koorean carrier U+ sounds like a perfect match for this phone.

We'd also wish to see a 720p display on the U1, just like the one on the Korea-bound LG Optimus LTE with its 4.5-inch display, but to see if that's reality or only our wishful thinking, we'd have to wait for next year when the device is rumored to launch. Hopefully, though, an official announcement will come sooner rather than later, giving us more clarity.

LG Electronics posts disappointing quarterly results: handset loss grows bigger

LG Electronics has posted its financials for the third quarter of 2011 and the light at the end of the tunnel grows dimmer for the Korean phone maker as it hasn't managed to patch the hole in its handset division. The company is in the red for a sixth consecutive quarter, but what's really troubling is that handset losses were more than double than those from last trimester. LG posted some $124 million (140 billion won) loss, widening from 55 billion won in Q2 2011.

The company underwent a major shift in top executives as Kon Bon-joon took over in an attempt to save the company's mobile department. Recovery has been slow up until this quarter, and even more so after the results for Q3 2011.

The results are partly explained by the lack of a worthy competitor to Samsung's Galaxy S II and Apple's iPhone in the quarter.

Other departments at LG were doing better as the company shipped a record number of TVs as that business remains profitable.

LG, the world's third biggest phone maker, however still has an ace up its sleeve – it has announced the LG Optimus LTE in Korea and it boasts a 4.5” IPS 720p screen and a 1.5GHz dual-core processor by Qualcomm. This definitely puts it on par with the cream of the crop Androids. The only big phone maker that still hasn't reported results is Samsung. The other Korean giant is expected to give us its quarterly results on Friday and - chances are - it will surpass Apple as the biggest smartphone maker globally.

LG S365 – Dual Sim GSM Mobile

LG Mobiles has launched a new affordable and easy to use Dual Sim GSM Mobile, LG S365 in India. LG S365 sports a 2.4 inch display and it features 2.0 Megapixels Camera with 1600×1200 Pixels screen resolution, Multi Format Audio/Video Player, FM Radio, LED Torch Light, Mobile Tracker, Auto Call Recording, 9MB Internal memory and Expandable memory upto 16GB.

LG S365 connectivity options include Bluetooth, GPRS,Opera Mini 5 browser and it is powered by a 1200 mAH battery which gives talk time of 560 hours and standby time of 14.5 hours.

It is a low priced phone with well balanced features. The new LG S365 Price in India is around Rs. 3,900/-